Short Interest in Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) Decreases By 98.2%

Franklin Responsibly Sourced Gold ETF (NYSEARCA:FGDL) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 22 shares, a decrease of 98.2% from the February 26th total of 1,209 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 200,781 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 200,781 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Franklin Responsibly Sourced Gold ETF Price Performance

Shares of NYSEARCA:FGDL traded down $0.10 during trading on Tuesday, reaching $58.51. 42,515 shares of the company’s stock traded hands, compared to its average volume of 96,852. Franklin Responsibly Sourced Gold ETF has a fifty-two week low of $39.44 and a fifty-two week high of $74.24. The company has a 50-day simple moving average of $66.23 and a 200-day simple moving average of $58.84.

Institutional Trading of Franklin Responsibly Sourced Gold ETF

Several institutional investors have recently bought and sold shares of FGDL. 3EDGE Asset Management LP raised its stake in shares of Franklin Responsibly Sourced Gold ETF by 20.5% during the 3rd quarter. 3EDGE Asset Management LP now owns 91,929 shares of the company’s stock worth $4,749,000 after buying an additional 15,654 shares during the period. Commonwealth Equity Services LLC grew its stake in Franklin Responsibly Sourced Gold ETF by 16.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 215,256 shares of the company’s stock valued at $11,120,000 after acquiring an additional 30,355 shares during the period. Bailard Inc. acquired a new stake in Franklin Responsibly Sourced Gold ETF in the 3rd quarter valued at $413,000. CWM LLC purchased a new stake in Franklin Responsibly Sourced Gold ETF in the 3rd quarter worth $2,275,000. Finally, Perigon Wealth Management LLC purchased a new stake in Franklin Responsibly Sourced Gold ETF in the 3rd quarter worth $703,000.

About Franklin Responsibly Sourced Gold ETF

The Franklin Responsibly Sourced Gold ETF (FGDL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund provides the price movement of gold spot price, less expenses and liabilities, using gold bars that meet London Bullion Market Associations responsible gold guidance. FGDL was launched on Jun 30, 2022 and is managed by Franklin Templeton.